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Ancient Egyptian man's genome reveals his society's cross-cultural ties
Man lived roughly 4,500-4,800 years ago in pharaonic EgyptHis remains were placed in ceramic vessel in rock-cut tombObtaining DNA from ancient Egyptian remains has been hardBy Will Dunham July 2 (Reuters) - DNA obtained from the remains of a man who lived in ancient Egypt around the time the firs...Reuters
Wed, Jul 2
EU's Kallas warns that China needs to rebalance trade relationship with EU
BRUSSELS, July 2 (Reuters) - The European Union's top diplomat Kaja Kallas told Chinese foreign minister Wang Yi on Wednesday that Beijing needed to rebalance its trade relationship with the EU and warned Chinese companies' support for Russia's war in Ukraine posed a serious threat to Eu...Reuters
Wed, Jul 2
PRECIOUS-Gold rises as weak ADP employment data strengthens rate cut bets
U.S. non-farm payrolls report due on ThursdayTrump tax-cut plan returns to U.S. HouseUS private payrolls unexpectedly decrease in JunePlatinum, palladium gain over 4%By Anushree Mukherjee and Sarah Qureshi July 2 (Reuters) - Gold prices firmed on Wednesday as weaker-than-expected jobs data fueled...Reuters
Wed, Jul 2
Gold price inches higher as traders brace for critical US NFP data
Gold price climbs cautiously during the North American session as traders brace for the release of the latest Nonfarm Payrolls (NFP) figures in the United States (US), which could be crucial for the path of interest rates set by the Federal Reserve (Fed).
Fxstreet
Wed, Jul 2
GRAINS-Corn and soy climb on bargain buying and positioning ahead of holiday weekend
US Midwest weather remains favorable for corn and soy cropsSoybeans find support in soyoil rallyWheat holds firm on short-covering before US holiday weekendBy Karl Plume CHICAGO, July 2 (Reuters) - U.S. grain and soybean futures rose on Wednesday in a bargain-buying and technical advance after re...Reuters
Wed, Jul 2
Protesters block Peru copper route used by large miners
By Marco AquinoLIMA, July 2 (Reuters) - A protest by informal miners in Peru is blocking parts of a key copper corridor used by major miners MMG 1208.HK, Glencore GLEN.L and Hudbay HBM.TO, leaders of the action and an industry source said on Wednesday.The demonstrators at the blockade in the Chumbiv...Reuters
Wed, Jul 2
Vitol group submits bid above $10 billion for Citgo, sources say
Vitol's offer includes cash, credit bids and a payment provision to bondholdersVitol competing with Gold Reserve consortium, Red Tree Investments and Black Lion Capital Advisors groupLast-minute competition might raise price tag for CitgoBy Marianna Parraga HOUSTON, July 2 (Reuters) - A group...Reuters
Wed, Jul 2
US Plains HRW Wheat-Basis bids flat amid light selling
CHICAGO, July 2 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady in the U.S. Plains states on Wednesday as some farmers took advantage of a small bump in wheat futures to sell their crop. The U.S. Department of Agriculture said 49% of the nation's winter wheat crop and 53%...Reuters
Wed, Jul 2
EU wheat recovers from lows as euro eases, Chicago rebounds
PARIS, July 2 (Reuters) - Euronext wheat edged up on Wednesday in a slight bounce from contract lows, supported by an easing in the euro and further recovery in Chicago prices.Gains were modest though as a favourable outlook for the northern hemisphere harvest and weak export prospects for western E...Reuters
Wed, Jul 2
METALS-Copper breaks above $10,000/ton mark on tariff uncertainty
Comex copper futures growth outperforms the LME benchmarkAvailable LME aluminium stocks hit highest since DecemberLME nickel benchmark hits three-week highBy Polina Devitt LONDON, July 2 (Reuters) - Copper prices hit three-month highs on Wednesday as uncertainty about U.S. tariffs inflated the pr...Reuters
Wed, Jul 2
Meta's Instagram back up for users in US, Downdetector shows
July 2 (Reuters) - An Instagram outage that affected thousands of users in the United States on Wednesday had eased, according to outage tracking website Downdetector.com. As of 12:10 p.m. ET, there were 849 incidents compared with 16,747 reports earlier, according to the website, which tracks outag...Reuters
Wed, Jul 2
Oil, gas activity contracted in Q2 on higher US steel tariffs, Dallas Fed survey shows
Steel tariffs doubled, impacting oil and gas sectorExecutives foresee fewer wells in 2025Costs among oilfield service firms rose at a slightly faster pace in Q2By Georgina McCartney HOUSTON, July 2 (Reuters) - Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted s...Reuters
Wed, Jul 2
Europe Gasoline/Naphtha-Gasoline profit margins edge higher
LONDON, July 2 (Reuters) - Northwest European gasoline profit margins edged higher on Wednesday to $13.61 a barrel despite an unexpected stock build in the U.S.A total of 23,000 metric tons of Eurobob E5 barges traded, as BP and Trafigura sold to Gunvor, Aramco, BMV and Varo.An additional 7,800 tons...Reuters
Wed, Jul 2
Oil futures, options trade at record levels in Q2 as investors navigate volatility
By Georgina McCartneyHOUSTON, July 2 (Reuters) - Total oil futures and options lots traded on the Intercontinental Exchange (ICE) hit record highs in the second quarter, as U.S. President Donald Trump waged a trade war and geopolitical conflicts in the Middle East escalated. WHY IT'S IMPORT...Reuters
Wed, Jul 2
Q&A-Is Venezuela about to lose Citgo, its most prized foreign asset?
By Marianna Parraga HOUSTON, July 2 (Reuters) - A U.S. court has received last-minute improved bids in a auction of shares in the parent of Venezuela-owned Citgo Petroleum from at least three consortia, potentially raising the price tag for the seventh largest U.S. refiner. A Delaware court of...Reuters
Wed, Jul 2
TotalEnergies UK gas assets to be bought by Prax remain unsold
By America Hernandez PARIS, July 2 - The TotalEnergies TTEF.PA West of Shetland offshore assets it agreed to sell to Prax Group last year remain under the French oil major's ownership, it said on Wednesday, so will not be subject to disposals resulting from liquidation proceedings affecting t...Reuters
Wed, Jul 2
US net imports of crude soar last week to highest in a year, EIA says
HOUSTON, July 2 (Reuters) - U.S. net imports of crude oil rose to 4.6 million barrels per day (bpd), its highest since June 2024, data from the Energy Information Administration showed, as export tumbled due to a narrow spread between U.S. West Texas Intermediate crude and Brent. Net imports rose by...Reuters
Wed, Jul 2
